Ivanhoe Electric raises $60M for Arizona copper project
Ivanhoe Electric (NYSE-A: IE; TSX: IE) plans to raise $60 million (C$85.8 million) for its Santa Cruz copper project in Arizona. The company said this week it’s selling 10.25 million…
Financing
Ecuador’s mining uncertain with socialist in runoff
Ecuador’s mining industry is bracing for potential changes as the nation’s main socialist party gains momentum in the presidential race headed for a runoff in April. Luisa González, a protégé…
Novare to fund $100M critmin refinery, Africa’s first
ReElement Technologies, a subsidiary of American Resources (NASDAQ: AREC), has partnered up with Johannesburg-based investment firm Novare to build a $100-million (C$70-million) critical and rare earth elements refinery. Under the…
Ascot faces cash shortage, delays Premier restart
Ascot Resources (TSX: AOT, OTCQX: AOTVF) said on Wednesday that it will delay the restart of milling operations at its Premier gold project in British Columbia, which would place the…
Mining Indaba: ESG costs could derail African projects, study finds
Some African mining projects could be shelved by the high cost of meeting Western environmental, social and governance criteria, according to a recent study from South African bank Absa. African…
Mining Indaba: US trade aggression could stall African metals investment, widening supply gap
U.S. protectionism could stall mineral processing investment around the world as supply shortages threaten to squeeze markets, an industry conference heard Monday in Cape Town, South Africa. New trade measures…
Canada fires back with 25% tariffs of its own on American goods
Canada responded in kind to U.S. President Donald Trump’s 25% tariff on Canadian goods with the same levy on $155 billion of American products. Ottawa is also considering several non-tariff…
Resolute’s costs rise, output falls in Mali, Senegal
West Africa-focused gold producer Resolute Mining (ASX: RSG) forecasts reduced production and higher costs this year as its Mako mine in Senegal nears depletion and tax changes in Mali drive up…
AbraSilver raises $48.4M for Diablillos in Argentina
AbraSilver Resource (TSXV: ABRA) plans to raise nearly $49 million to fund the development of its Diablillos project in Argentina, which it predicts to be one of the world’s top…
Ontario OKs $90M to upgrade Ring of Fire region
Queen’s Park and Aroland First Nation have signed a multi-million-dollar agreement to plan a transmission line in the remote Ring of Fire area in the province’s north. The deal also…
Teck sees copper supply/demand win
Soaring demand for electric vehicles and power plants should support copper prices over the coming decades as supply constraints continue to plague the industry, Teck Resources (TSX: TECK.A, TECK.B; NYSE:…
VRIC: Copper majors are hunting for explorers
Despite the upheaval of a new Donald Trump presidency in the U.S., pundits at the Vancouver Resource Investment Conference held firm that the metal’s long-term future is as bright as…